Day 14

After completing Lesson 3-2, you will be able to:

  • Identify accounting concepts and practices related to journalizing transactions.
  • Record transactions to set up a business in a general journal.
  • Record transactions to buy insurance for cash and supplies on account in a general journal.   

Notes 3-2

  1. Obtain a Notes 3-2 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 3-2

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 3 folder.
  3. Rename the file to Lesson 3-2-(Your Initials)
  4. Complete the spreadsheet according to the directions on page 67.

On Your Own 3-2

  1. Using your Lesson 3-2 spreadsheet, complete the problem as directed on page 67.

Self-Assessment 3-2

  1. Complete this self-assessment for Lesson 3-2.  You can use your textbook and notes to complete this assessment.

Lesson 3-2 Assignment

  1. Using your Lesson 3-2 spreadsheet, click on the Application Problem 3-2 sheet at the bottom left, and complete the problem as directed on page 79.